Buisness aviation news
WINGX’s weekly Business Aviation Bulletin.
Fuelled since 2020 by soaring personal stock portfolios, easy access to low-interest cash and a pandemic-induced desire to avoid public airport cattle stalls, interest in flying privately has soared. However, recent metrics now suggest the white-hot market has begun to cool to a more manageable and sustainable level. Words by Brian Foley.
WINGX’s weekly Business Aviation Bulletin.
WINGX’s weekly Business Aviation Bulletin.
WINGX’s weekly Business Aviation Bulletin.
WINGX’s weekly Business Aviation Bulletin.
WINGX’s weekly Business Aviation Bulletin.
WINGX’s weekly Business Aviation Bulletin.
The General Aviation Manufacturers Association (GAMA) published the Third Quarter 2022 General Aviation Aircraft Shipment and Billing Report. The aircraft manufacturing industry’s results for the first nine months of 2022, when compared to the same period in 2021, point to increasing aircraft deliveries across all segments along with an increase in the overall value of the aircraft shipments.
WINGX’s weekly Business Aviation Bulletin.
In Q3 2022, the business jet market exhibited strong performance, continuing a trend that began in the second half of 2020. Driven by new users and returning customers, flight operations improved on a year-over-year basis, while demand translated into strong order activity as reported by manufacturers.
Inventory levels for most categories of pre-owned aircraft have maintained a steady rise since January, according to new Sandhills Global aviation industry market reports. The reports, which cover used aircraft in Sandhills marketplaces, also show that despite consecutive months of inventory increases (which often coincide with declining asking values), used aircraft asking values have also shown steady increases.
WINGX’s weekly Business Aviation Bulletin.
WINGX’s weekly Business Aviation Bulletin.
WINGX’s weekly Business Aviation Bulletin.
European business aviation flight activity continues to decline as we approach the end of October. We observed a 4.5% decline in traffic between the second and third week of the month. This same time last year we observed a 0.5% increase in flights.
WINGX’s weekly Business Aviation Bulletin.
Honeywell's 31st annual Global Business Aviation Outlook forecasts up to 8,500 new business jet deliveries worth $274 billion from 2023 to 2032, which is up 15% in both deliveries and expenditures from the same 10-year forecast a year ago. This year, surveyed operators reported new jet purchase plans on par with 2019 levels, with fleet addition rates doubling from last year's reported intentions. Respondents' feedback in this year's survey aligns with industry reports of sold-out business jet production lines for the next several years.
North American business aviation flight activity is up 5.4% week over week for the first two full weeks of October 2022. Conversely, business aviation flight activity across Europe is down 3.5% week over week and down 5.2% from this time last year.
WINGX’s weekly Business Aviation Bulletin.